Raymond James & Associates Boosts Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Raymond James & Associates raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,620,094 shares of the company’s stock after purchasing an additional 75,539 shares during the quarter. Raymond James & Associates owned 0.27% of Mondelez International worth $253,407,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Impact Partnership Wealth LLC lifted its stake in shares of Mondelez International by 1,865.6% in the 3rd quarter. Impact Partnership Wealth LLC now owns 629 shares of the company’s stock worth $44,000 after acquiring an additional 597 shares during the period. Stewart & Patten Co. LLC lifted its position in Mondelez International by 1.0% in the third quarter. Stewart & Patten Co. LLC now owns 242,687 shares of the company’s stock valued at $16,842,000 after purchasing an additional 2,340 shares during the period. Handelsbanken Fonder AB increased its position in Mondelez International by 1.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 562,138 shares of the company’s stock worth $39,012,000 after purchasing an additional 9,529 shares during the period. Jmac Enterprises LLC increased its position in Mondelez International by 75.8% during the 3rd quarter. Jmac Enterprises LLC now owns 8,821 shares of the company’s stock worth $612,000 after purchasing an additional 3,802 shares during the period. Finally, Connecticut Wealth Management LLC raised its stake in shares of Mondelez International by 117.2% during the 3rd quarter. Connecticut Wealth Management LLC now owns 9,406 shares of the company’s stock worth $653,000 after buying an additional 5,075 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MDLZ. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Citigroup lowered their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays lowered their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. One analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Price Performance

Shares of MDLZ traded down $0.19 during trading hours on Friday, reaching $70.61. 7,145,125 shares of the company traded hands, compared to its average volume of 9,491,838. The stock has a market capitalization of $95.07 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The stock has a fifty day simple moving average of $70.45 and a 200 day simple moving average of $70.72. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.425 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.41%. Mondelez International’s payout ratio is currently 46.83%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.